Business Capital Closes Powis Parker Multi-Tranche Facility
Business Capital structured and secured a $9 million financing package for Powis Parker, a manufacturer of professional desktop binding, photo-binding machines and consumable products.
Business Capital structured and secured a $9 million financing package for Powis Parker, a manufacturer of professional desktop binding, photo-binding machines and consumable products.
Freight factoring company Advance Business Capital announced its exclusive partnership with DAT, which operates the industry’s largest network of loan boards.
Commercial finance and debt restructuring firm Business Capital announced it delivered a $500,000 accounts receivable line of credit for a supplier of network servers and cyber security.
Business Capital provided a California wine company nearly $2 million of recapitalization and acquisition financing.
TCE Business Capital said in an effort to support its continued expansion and international presence, the company recently promoted Glen Herrig and John Canessa to director of marketing and CIO/chief technology officer, respectively.
First Business Capital recently funded two revolving credit lines totaling $6.4 million.
Business Capital restructured $2 million of creditor claims out of court for a high volume provider of quality granite and stone residential products. The restructuring reduced the company’s debt by more than 80%.
SBA lender 44 Business Capital said it closed on a $2.4 million SBA loan to Penn Iron Works, a custom plate fabricator in Wyomissing, PA.
Business Capital said it structured a $5 million business acquisition financing package allowing Sysorex Global Holders to acquire Lilien, an IT infrastructure solution provider.
Business Capital said it provided close to $20 million in financing and restructuring solutions for new clients during the first part of 2013.